Question
Section 34 gives the RDB Act overriding effect. Under
Section 34(2), the Act is expressly stated to be in ADDITION TO and NOT in derogation of which of the following Acts?Solution
Section 34(1) gives the Act overriding effect over inconsistent provisions of other laws. Section 34(2) qualifies this by providing that the Act is in addition to and not in derogation of: the Industrial Finance Corporation Act, 1948; the State Financial Corporations Act, 1951; the Unit Trust of India Act, 1963; the Industrial Reconstruction Bank of India Act, 1984; the Sick Industrial Companies (Special Provisions) Act, 1985; and the Small Industries Development Bank of India Act, 1989. Among the options given, only Option D correctly identifies Acts listed in Section 34(2). The Banking Regulation Act, SARFAESI Act, IBC, and RBI Act are not specifically listed under Section 34(2).
If customers perceive a bank as “too expensive for average customers,” this is an example of:
Excuses for not making a purchase commitment or decision are called:
Which of the following is an intangible banking product?
Two brands jointly issuing a co-branded card is:
Selling add-on insurance with loans is:
Prices in vending machines tend to be higher because:
A single social media site like Facebook or YouTube is referred to as a
Consumer goods are products purchased by the ultimate consumer, whereas _____ are products used in the production of other products for ultimate consumers.
Which digital marketing metric directly measures percentage of users who completed loan application after clicking advertisement?
Farmers selling the produce they grew on their farms from the back of their pickup trucks to local people that drove by on the road, are an example of a:
